Property Management Blog

Tuesday, July 30, 2019

5 Reasons Why It’s A Terrible Idea to Rent to Family
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Your cousin Joe has fallen on hard times and needs a place to move his family. You have a vacant rental property and need a tenant to ensure you’re not coming out of pocket to pay the mortgage. It’s a win-win! Or is it?1.      They are not the best tenants.Like Joe, many family members in need of renting YOUR re...

Monday, July 22, 2019

Real Estate Agents: Why You Should Buy Investment Properties!
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Being a real estate agent affords you the opportunity to be in the midst of real estate transactions. Now, imagine being an investor at the same time. You can look at each transaction from the lens of an investor. Better yet, every time a new property hits the market, you should be thinking of the possible investment opportunity it may be...

Tuesday, July 2, 2019

Why Should A Landlord Change The Locks Between Tenants?
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Creating a safe environment for your tenant’s is a big responsibility that shouldn’t be taken lightly. You, the landlord and as business owners have an obligation to keep your investment property and your tenants’ safety of top priority. Just imagine the horror and anxiety your tenants would have to deal with if they are...

Wednesday, June 26, 2019

Proper Tenant Screening
Proper tenant screening might be the most important step you can take to ensuring you have an enjoyable experience with your tenants. Tenant screening is not just about feeling if you want the tenant or not. This might get trouble with Fair Housing. Proper is defined by performing proper screenings: criminal history; credit and debt ...
Proper Tenant Screening
Proper tenant screening might be the most important step you can take to ensuring you have an enjoyable experience with your tenants. Tenant screening is not just about feeling if you want the tenant or not. This might get trouble with Fair Housing. Proper is defined by performing proper screenings: criminal history; credit and debt ...

Tuesday, June 18, 2019

What are the Costs Associated with Owning a Rental Property in Farmington, New Mexico?
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Historically and even up to this day, real estate has proven to be a money-making machine. Common benefits to rightfully owning a rental property are steady cash flow, tax benefits, wealth building and a hedge against economic inflation. That is why more and more people are investing in real estate markets because it fail-proofs their inv...

Monday, June 10, 2019

TENANT LIABILITY INSURANCE AND WHY IS IT A MUST?
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When managing or owning a rental property, two things should come to the top of your priority list. One, maximizing the long-term potential of the investment and two, minimizing the overall liability/risk associated with it. Today this article is intended to help you minimize the risk associated with rental property.What is TLI?TLI or ten...

Tuesday, April 9, 2019

Tax Time - Make the Very MOST of Your Investment
Real estate can be an amazing vehicle to create long-term wealth. Not only for you but it can even become generational. Buying an investment property is to build equity and value over and above the initial investment of the property. One of the many important drivers of how real estate can provide the value and to build equity is the tax ...
Tax Time - Make the Very MOST of Your Investment
Real estate can be an amazing vehicle to create long-term wealth. Not only for you but it can even become generational. Buying an investment property is to build equity and value over and above the initial investment of the property. One of the many important drivers of how real estate can provide the value and to build equity is the tax ...

Friday, January 25, 2019

3 main factors, that if done correct will result in higher rent, a faster occupancy and better tenan...
There are three main factors to consider. First and foremost is the marketing of the home. Number 2 is promotion and last but not least is the asking price of the home. Let's start with marketing. Marketing is one of the three factors because it so important these days, especially when, as a society, we want everything right now and t...
3 main factors, that if done correct will result in higher rent, a faster occupancy and better tenants.
There are three main factors to consider. First and foremost is the marketing of the home. Number 2 is promotion and last but not least is the asking price of the home. Let's start with marketing. Marketing is one of the three factors because it so important these days, especially when, as a society, we want everything right now and t...

Wednesday, August 29, 2018

How Much Can I Charge for a Security Deposit?
A common question as well as a common discrepancy we see in marketing form DIY landlords is the amount the security deposit for their rental home. How much can you charge for a security deposit here in New Mexico? It's pretty well-defined in our Landlord/Tenant Law (Uniform Owner-Resident Relations Act). What sparked this article is f...
How Much Can I Charge for a Security Deposit?
A common question as well as a common discrepancy we see in marketing form DIY landlords is the amount the security deposit for their rental home. How much can you charge for a security deposit here in New Mexico? It's pretty well-defined in our Landlord/Tenant Law (Uniform Owner-Resident Relations Act). What sparked this article is f...

Wednesday, August 22, 2018

What is Normal Wear & Tear
Here in the state of New Mexico, what's referred to as the Owner Resident Relations Act, more commonly known as the Landlord Tenant Law here in New Mexico, they actually defined what normal wear and tear is, so I'm going to give a synopsis of that.Normal wear and tear means deterioration that occurs based upon the use for which th...
What is Normal Wear & Tear
Here in the state of New Mexico, what's referred to as the Owner Resident Relations Act, more commonly known as the Landlord Tenant Law here in New Mexico, they actually defined what normal wear and tear is, so I'm going to give a synopsis of that.Normal wear and tear means deterioration that occurs based upon the use for which th...

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